Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) gapped up before the market opened on Wednesday . The stock had previously closed at $33.70, but opened at $35.14. United States Natural Gas Fund shares last traded at $36.32, with a volume of 6309613 shares trading hands.

A number of institutional investors and hedge funds have recently modified their holdings of UNG. Daiwa Securities Group Inc. purchased a new stake in United States Natural Gas Fund during the 2nd quarter valued at $481,000. Wedbush Securities Inc. boosted its stake in United States Natural Gas Fund by 11.5% during the 2nd quarter. Wedbush Securities Inc. now owns 35,787 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 3,700 shares during the last quarter. Solstein Capital LLC purchased a new stake in United States Natural Gas Fund during the 2nd quarter valued at $147,000. Commerzbank Aktiengesellschaft FI boosted its stake in United States Natural Gas Fund by 4.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 668,326 shares of the exchange traded fund’s stock valued at $15,839,000 after purchasing an additional 26,290 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in United States Natural Gas Fund during the 2nd quarter valued at $184,000.

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United States Natural Gas Fund, LP is a limited partnership. The Company is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of the Company is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contracts on natural gas traded on the New York Mercantile Exchange (the NYMEX) that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire (the Benchmark Futures Contract), less its expenses.